According to Zama, a U.S. court lifted the freeze on its cUSDC contract after a dispute tied to Overnight Finance stakeholders, and the protocol says systems are back to normal ahead of launch.
Zama said a U.S. court lifted the freeze on its cUSDC contract and that all systems have returned to normal. The freeze had targeted a Zama protocol contract holding USDC after a dispute involving stakeholders in Overnight Finance. Zama had previously said the contract held $12.5 million in USDC, while the latest update says cUSDC will launch later this month with $5 million in USDC from Zama’s treasury. The case highlights how access to stablecoin-linked protocol infrastructure can be disrupted by legal action.